RBC Capital Maintains Outperform on Shopify, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has maintained an Outperform rating on Shopify (NYSE:SHOP) and increased the price target from $80 to $100.
December 06, 2023 | 8:09 pm
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RBC Capital analyst Paul Treiber maintains an Outperform rating on Shopify and raises the price target from $80 to $100, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a strong confidence in Shopify's performance and potential growth, which is likely to be viewed positively by investors. This could lead to a short-term increase in the stock price as the market reacts to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100